Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
Beginning in April, the electronics giant and university R&D team will evaluate and tweak the new trading system's performance before commercialization.
Mitsubishi and Tokyo Tech create blockchain system for P2P energy trading
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A bi-directional charging scenario allows vehicle owners to sell excess power back to office buildings at a profit.
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The IOTA blockchain finds a use case in industrial maintenance.
IOTA joins Japanese gov’t on blockchain-based maintenance project
The German state-funded energy project uses DLT to enable transparent market transactions.
Siemens-backed blockchain energy platform showcases in Germany
The country seeks to innovate with help from a variety of Blockchain companies.
Germany looks to blockchain to help decentralize their energy economy